mr. patel take lone of rs 2,00,000 for 5 yrs from a bank at 12%per annum to build a home .how much moneu will be have to return to the bank after 5 urs?
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Answered by
5
Answer:
200000 X 12/100=2000X12=24000
24000X5=120000
200000+120000=320000
he want to return Rs. 320000 after 5 year's
Answered by
0
200000 ×12×5/100=120000
Amount =Principle +Intrest
= 200000+120000
=320000
After 5 years
320000×5=1600000
Mr. patel will be 1600000 ruppes return to the bank.
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